Re: Wednesday Moring thoughts (Hump day!)
posted on
Mar 26, 2008 04:19AM
I for one am not sure why the fed keeps getting beat up for the action taken in re: to BS. Everything I hear says it would be much worse if they would have had gone bankrupt. The ripple effects of that would have more than just US banks in trouble. This was evident in the other markets of the world. The deal does kind of make one question what kind of penalties are out there for the big shots making such bad deals but the alternative would have been worse IMHO. I also think alot of the bonuses these guys get paid are in stock options so when there bonus was reported and the sp was $70 and then the SP took a big hit there bonus would be way less. I agree they should get S--- but that is the way things always go. The people who do all the work usually get less of a bonus then the guy "incharge" just one of those things.